President Richard Nixon’s administration suggested that Uruguayan leaders try to prevent the impending murder of a kidnapped US official by threatening to kill members of the insurgent group responsible for the abduction, according to newly declassified cables reproduced by Bloomberg News.
Alleged labour disputes involving hundreds of thousands of US dollars have left seven Spanish fishing vessels legally stranded in Montevideo, threatening the reputation of Uruguay’s main port to continue as a South Atlantic fisheries hub.
The Uruguayan government announced intention of making banking secret accounts “more flexible” and expanding income tax to overseas holdings and assets have delayed investment decisions and accelerated the sale of real estate in Uruguay by foreigners, particularly Argentines, warned the Uruguayan Chamber of Tourism.
Argentine Foreign Affairs minister Hector Timerman said he held a “very important meeting” with Gualeguaychú Assembly members after the group of activists requested to be given an explanation of the upcoming joint monitoring of the River Uruguay recently agreed by Argentina and neighbouring Uruguay.
Foster Wheeler AG (Nasdaq: FWLT) announced Wednesday that its Global Engineering and Construction Group has been awarded an owner’s engineer contract for a new LNG receiving terminal (the “GNL Del Plata” facility) to be built in Uruguay’s capital Montevideo.
An estimated Uruguayan flagged fifty fishing vessels have been docked in Montevideo for over a month because of a labour conflict over a new work contract with the owners of the vessels and processing plants.
Contaminators “beware, the time of reckoning is coming” warns Enrique Martinez Argentina’s president of the National Institute of Industrial Technology, INTI who in a brief opinion column praises the recent agreement reached between Uruguay and Argentina to monitor the River Uruguay and ensure the non contamination of the shared water course.
Uruguay’s consumer inflation increased 1.09% in July accumulating 4.21% so far this year and 6.29% in the last twelve months, which is in the target range of the Central bank.
Next Thursday will see the launching of works for Uruguay’s Science Park, an undertaking targeted to attract high tech medical and pharmaceutical industries linked to the production of drugs both for exporting and the domestic market, plus the promotion of scientific research and highly qualified jobs.
Uruguayan exports increased 22.78% during the first seven months of 2010 compared to the same period a year ago, according to Uruguay’s Union of Exporters. Sales totalled 3.9 billion US dollars while in the seven months of 2009, they reached 3.2 billion USD.